Ballentine Partners LLC Grows Stock Holdings in SunOpta Inc. (NASDAQ:STKL)

Ballentine Partners LLC boosted its holdings in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 97.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,012 shares of the company’s stock after buying an additional 10,876 shares during the period. Ballentine Partners LLC’s holdings in SunOpta were worth $140,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in SunOpta by 18.2% in the 1st quarter. Principal Financial Group Inc. now owns 12,425 shares of the company’s stock valued at $85,000 after purchasing an additional 1,917 shares during the period. Mackenzie Financial Corp boosted its holdings in SunOpta by 0.9% in the 2nd quarter. Mackenzie Financial Corp now owns 254,678 shares of the company’s stock valued at $1,370,000 after purchasing an additional 2,155 shares during the period. Creative Planning boosted its holdings in SunOpta by 9.3% in the 3rd quarter. Creative Planning now owns 30,716 shares of the company’s stock valued at $196,000 after purchasing an additional 2,617 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in SunOpta by 13.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,913 shares of the company’s stock valued at $185,000 after purchasing an additional 3,171 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of SunOpta by 10.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,958 shares of the company’s stock worth $200,000 after acquiring an additional 3,521 shares during the last quarter. 85.39% of the stock is owned by institutional investors.

SunOpta Stock Performance

SunOpta stock opened at $5.86 on Thursday. The company has a quick ratio of 0.61, a current ratio of 1.27 and a debt-to-equity ratio of 1.67. The company has a market capitalization of $699.33 million, a PE ratio of -3.86 and a beta of 1.83. The firm has a fifty day simple moving average of $6.20 and a two-hundred day simple moving average of $5.85. SunOpta Inc. has a twelve month low of $3.77 and a twelve month high of $7.59.

SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. The business had revenue of $171.00 million during the quarter, compared to the consensus estimate of $159.95 million. SunOpta had a negative net margin of 23.23% and a positive return on equity of 6.51%. The firm’s revenue for the quarter was down 17.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.03) earnings per share. Research analysts expect that SunOpta Inc. will post 0.14 EPS for the current year.

Analysts Set New Price Targets

STKL has been the subject of a number of research analyst reports. DA Davidson reaffirmed a “buy” rating and set a $9.00 price objective on shares of SunOpta in a report on Thursday, October 10th. StockNews.com raised shares of SunOpta from a “sell” rating to a “hold” rating in a report on Thursday, October 10th.

About SunOpta

SunOpta Inc engages in manufacture and sale of plant-based and fruit-based food and beverage products in the United States, Canada, and internationally. The company provides plant-based beverages utilizing oat, almond, soy, coconut, rice, hemp, and other bases under the Dream and West Life brands; oat-based creamers under the SOWN brand; ready-to-drink protein shakes; and nut, grain, seed, and legume based beverages; packaged teas and concentrates; and meat and vegetable broths and stocks.